RIVER CITY LABS, MURU-D STEP ON ACCELERATOR

Written on the 2 August 2016 by Brisbane Business News

RIVER CITY LABS, MURU-D STEP ON ACCELERATOR

RIVER City Labs and Telstra-backed muru-D have announced a three-year partnership to deliver a global startup accelerator program.

After a successful pilot last year, the 'River City Labs Accelerator Program' will continue.

The program runs over six months with up to 10 teams eligible for up to $60,000 each in funding in return for up to approximately 7 per cent equity.

Investors include Brisbane-based River City Labs founder Steve Baxter.

Startups will be provided with seed capital, office space, mentoring, training, international trade missions and high-level networking opportunities as part of the program, which will run annually until 2019.

Accelerator alumni include Puntaa and Travello.

"The program, in alliance with muru-D, is an excellent opportunity for local startups to plant important seeds for growth. The opportunities that will be afforded to these startups will be second to none as they will gain firsthand, real-world guidance from an experienced team of mentors and trainers," says River City Labs CEO Peta Ellis.

Ken Macken, co-founder of startup Ollo Wearables, will assume the role of lead Entrepreneur-in-Residence for the accelerator program at the 100-member strong River City Labs.

"As someone who has gone through all aspects of building multiple technology-based businesses, including building high performance teams that deliver product market fit, I look forward to sharing the lessons I've learnt with the program participants," says Macken.

The accelerator will include a regional roadshow in August across Queensland to educate startups about the program prior to application.

Accelerator program key dates

  • Applications close: 28 August 2016
  • Teams announced: 19 September 2016
  • Program commences: 10 October 2016
  • Program concludes: 7 April 2017
     

Author: Brisbane Business News Connect via: Twitter

Latest News

GROUPTOGETHER A GIFT FOR TIME-POOR PARENTS

JULIE Tylman and Ali Linz have taken the stress out of gift giving by creating GroupTogether, an online platform whic...

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter